CORPORATIONS: Revolt in l.T.& T.

Hawk-nosed, hawk-fast Sosthenes Behn has run International Telephone & Telegraph Corp. pretty much as a one-man show. Undisputed boss of the world-straddling empire he helped found, he has remained so by moving faster than bosses of governments. In 1941, just a few days before the Nazis moved in, Behn sold l.T. & T's telephone-operating subsidiary in Rumania to the government at a handsome profit. He sold out in Argentina last year for $95 million (TIME, Sept. 16, 1946), and he got $88 million in cash and bonds for l.T. & T. properties in Spain.

Last week, it looked as if wily...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!